The early summer survey by the German Chamber of Commerce and Industry (DIHK) shows: German medium-sized businesses are gradually losing confidence in the country’s situation. The DIHK boss warns that Germany must take rapid countermeasures.
The figures from the new early summer survey by the German Chamber of Industry and Commerce paint a gloomy picture. As the “Bild” newspaper reports, these are the main results:
For DIHK boss Martin Wansleben, these are “alarming signs of gradual deindustrialization.” There are “no signs of an upswing,” Wansleben told “Bild”. On the contrary, companies would increasingly lose trust in politics. Wansleben made it clear: “There is a risk of a gradual migration of entire sectors of industry.”
This was last seen. Giants like BASF and traditional companies like Miele relocate a significant proportion of their production abroad. Wansleben tells “Bild”: “If we don’t take countermeasures quickly, Germany will lose its industrial base and thus the basis for our prosperity.”
The head of the German Economic Institute (IW), Michael Hüther, also says that “more and more risks are being recognized for Germany” when it comes to investment decisions.